Twitter CEO Jack Dorsey’s crypto business is again on hot bulletins of crypto media. The company, SquareCrypto recently states that Bitcoin is the only product they’re focusing on.
We are very, very pro-Bitcoin
In early days of its launch, SquareCrypto states that they’re hiring 4-5 crypto engineers and designers from across the world. While the exact idea of the company’s involvement in the crypto ecosystem seemed whole mysterious.
But according to the company’s project manager Steve Lee, “Bitcoin is the only product Square Crypto is building.” Steve Lee is a Google Alum who recently confirms his joining with Square Crypto.
Unlike Facebook, there’s still no report highlighting Twitter launching any cryptocurrency, via SquareCrypto. In the latest AMA session, Lee says that “they’re hyper-focused on bitcoin.” As a response to a tweet, Lee says;
We are very, very pro-Bitcoin. There is more than enough work for us to do there. That said, we are open to emerging use cases and technologies that complement Bitcoin. – Steve
Besides, while asked bout when are they expecting to have a working product from Square Crypto, Lee explains, there’s only one product, Bitcoin and it’s up and running for over ten years. He says; there is still a lot that needs to be done before we reach mass adoption.”
It seems that Lee and Square Crypto is too bullish on Bitcoin but still there’s no clear talk on what improvements the team is focusing on to reach “mass adoption.”
Following a similar note, Steve addressed yet another question that talks about self-sovereignty principles of Bitcoin. According to Square Crypto, “the needs of current and future users are overlapping.”
We agree with the self-sovereignty principles of Bitcoin. That said, we see the needs of current and future users overlapping. We want to make Bitcoin better for all. – Steve
Moreover, talking about the team for Square Crypto steve states that their first step is building the team wherein they hope to have one anchor developer with Bitcoin development experience.
With the process, the firms want to grow their “talent base” to contribute to the ecosystem. He further confirms that SquareCrypto is close in welcoming its first developer; while 1500 plus resumes are on queue.
In comparison to Facebook, Twitter’s Square Crypto is less about its own company’s brand position and more about building the bitcoin and crypto ecosystem stronger.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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